During the third quarter, U.S. dealmaking contributed to a larger-than-usual share of global activity and offset a decline in volumes in Europe and Asia Pacific, accounting for about half of global volumes.
Deal volumes in Europe and Asia Pacific fell 31% and 9%, respectively.
To date, private equity deal volumes have slumped 48% to $313.73 billion, compared to the same period last year.
Deal activity driven by activist shareholders was muted as several big-name activists reached settlements with corporate boardrooms.
Dealmaking in technology, which typically accounts for the largest share of deal volumes, has fallen 51% so far this year.
Persons:
Brendan McDermid, dealmaking, We're, Melissa Sawyer, Sullivan, Cromwell, dealmakers, headwinds, Tony Kim, Roark Capital's, ”, Andre Kelleners, Goldman Sachs, Naveen Nataraj, Kappa, WestRock, it’s, Rob Kindler, Weiss, Garrison, it'll, Anton Sahazizian, Anirban Sen, Timothy Gardner
Organizations:
REUTERS, Cromwell LLP, Asia Pacific, Investment, U.S . Steel, Centerview Partners, U.S . Investment, Evercore Inc, Cisco, Splunk Inc, Fidelity National Information Services, Reuters, Paul, Moelis, Thomson
Locations:
New York City, U.S, United States, Europe, Asia, Cleveland, Rifkind, Wharton, New York, London